What IROs should know about rising concerns over executive pay
Not long ago, in a private office at a desperately troubled small-cap company, a nervous investor relations officer told his chief executive that it would be wrong for him to accept the near seven-figure cash bonus that he was legally entitled to under the terms of his contract.Company stock was trading at a fraction of its former heft, the IRO explained, and many jobs had been lost that year. The dividend had been recently cancelled. There was no turnaround on the horizon, no expected bump
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